Investigation Overview
January 11, 2016 (Shareholders Foundation) - An investigation on behalf of investors of Ooma Inc (NYSE:OOMA) shares over potential securities laws violations by Ooma Inc and certain of its directors and officers in connection certain financial statements was announced.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Ooma Inc (NYSE:OOMA) concerning whether a series of statements by Ooma Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On July 16, 2015, Ooma Inc (NYSE:OOMA) announced that it has priced its initial public offering of 5,000,000 shares of its common stock at a price to the public of $13.00 per share.